The initial consultation, which ended on Thursday May 27, has confirmed an appetite for a third-party price assessment for a Japan import price for ferro-silicon, but the extension will allow time to review the market feedback on the specifications proposed in the initial consultation.
The specifications for the price assessment are proposed as follows:
Assessment: Ferro-silicon 75% Si min, cif Japan, $/tonne
Quality: Lump. Si 75-80%; Al 2% max; P 0.05% max; S 0.02% max; C 0.2% max; size: 10-50mm
Quantity: 100 tonnes
Location: cif Japan
Unit: $ per tonne
Payment terms: Cash or letter of credit
Publication: Weekly. Wednesday 2-3pm London time
The extended consultation period for this proposed launch starts on June 4 and will now end on June 10. The launch will then take place, subject to market feedback, on June 16.
To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter, please contact Jessica Long by email at firstname.lastname@example.org. Please add the subject heading ‘FAO: Jessica Long re: 'Ferro-silicon 75% Si min, cif Japan’
To see all Fastmarkets’ pricing methodology and specification documents, go to www.metalbulletin.com/prices/pricing-methodology